Gas
Moderator: moderators
-
Guest
-
Free-Way Gas Productions
-
Guest
Well first of all, where are you getting your gas from? Are you making it yourself or buying it from someone else?
If you make it yourself, do you make it at the same speed you sell it? Because it might be better to sell faster if you can keep the gas station busy, but not better if it sits empty.
Think about this: is it better to make 1c in 1 hour, or 3c in 5 hours? Usually the faster way is better, because then you just do it again and again. So the most important thing is profit per hour.
Lets do a little math. I'm going to suppose your gas costs 12c per unit, which is probably high but a fairly easy price to get on the market.
Then selling at 30 you make 18c per unit, right? 18 x 1000 units = 18,000 profit. But that takes 58 hours. 18,000 / 58 = 310c profit per hour.
What if you sold at 20 instead. You only make 8c profit per unit, which is 8000 profit. But it only takes 12 hours. 8000 / 12 = 666c profit per hour.
Your gas stations would make twice as much money! You'd make less profit per unit, but sell a lot more units. It doesn't matter how many gas stations you have, because clearly its better to have each one making 666 profit an hour than 310 profit an hour.
Now don't just take my word for it, because I"m running these numbers off the top of my head. Pull up your computers calculator, look at the cost of your gas units, and figure out your profit. Then remember to divide by the time. It's not how much you make total, its how much you make per hour. And then the next trick is increasing your production, or buying more, to make sure your stations are always busy.
If you make it yourself, do you make it at the same speed you sell it? Because it might be better to sell faster if you can keep the gas station busy, but not better if it sits empty.
Think about this: is it better to make 1c in 1 hour, or 3c in 5 hours? Usually the faster way is better, because then you just do it again and again. So the most important thing is profit per hour.
Lets do a little math. I'm going to suppose your gas costs 12c per unit, which is probably high but a fairly easy price to get on the market.
Then selling at 30 you make 18c per unit, right? 18 x 1000 units = 18,000 profit. But that takes 58 hours. 18,000 / 58 = 310c profit per hour.
What if you sold at 20 instead. You only make 8c profit per unit, which is 8000 profit. But it only takes 12 hours. 8000 / 12 = 666c profit per hour.
Your gas stations would make twice as much money! You'd make less profit per unit, but sell a lot more units. It doesn't matter how many gas stations you have, because clearly its better to have each one making 666 profit an hour than 310 profit an hour.
Now don't just take my word for it, because I"m running these numbers off the top of my head. Pull up your computers calculator, look at the cost of your gas units, and figure out your profit. Then remember to divide by the time. It's not how much you make total, its how much you make per hour. And then the next trick is increasing your production, or buying more, to make sure your stations are always busy.
-
Guest